FULLY OPERATIONAL HOTEL WITH 14 SELF CATERING APARTMENTS IN AGIOS NIKOLAOS CRETE, FOR SALE

This property of 692m2 was built in 1982-1983 on a plot of 225m2 and has been operating as a 3 star Hotel with 14 self-catering apartments since 1983.

INVESTMENT OPPORTUNITY

THIS PROPERTY CAN BE PURCHASED AS A BUSINESS OR DEVELOPED INTO PRIVATE APARTMENTS FOR LONG TERM RENTAL OR RE-SALE.

It is situated in a quiet corner of the town (next to a monastery), 2 minutes’ walk from the town center (with shops, restaurants etc.), but also only 100 meters away from the public sandy beach.

The building comprises of

• 13 fully equipped apartments with one bedroom
• 1  fully equipped apartment with 2 bedrooms
• 1 room for disabled
• Office
• BAR/Reception area
• Auxiliary spaces and the garden with a traditional windmill

It was designed in accordance with the Cretan traditional architecture.

Most apartments have a panoramic relaxing sea view.

Classified in the 2nd most expensive region of the town (as per the official national classification guide).

Features:

• Stairs and elevator to all floors
• All apartments with AC inverters – hot and cold
• All bathrooms fitted with quick acting electric boilers for additional hot water
• Complete heat installation for winter operation for the whole building (special diesel boiler and radiators).
• Specially installed electronic systems for equal distribution of the high speed Wi-Fi signal especially during the busy season, as well as optical emergency alarms (for the deaf) and sound alarms (for the blind customers).
• Solar panels (recently renewed) combined with a 2nd diesel boiler (for the cold hours) for continuous hot water supply.
• Fitted for disabled customers (inclining entrance corridor and a specially arranged room and WC).
• All (100%) external old wooden doors and windows have been recently replaced with German aluminum (in brown color) with double glazing for excellent sound and thermal insulation.
• Outdoor private parking

Main areas are 694.34m2 and are made up of:

• Reception area – Bar
• 14 apartments on 4 floors

Auxiliary spaces are 121m2 and are made up of:

• Basement with main storeroom, lift engine room and boiler room
• Ground floor with storeroom behind the bar, Public WC, and WC for Disabled persons

GROUND FLOOR – 72.74m2:

• Reception desk
• Bar – Living room
• Storeroom
• Room for disabled
• Back garden

1^ST FLOOR – 106.49:

• Office
• Living room
• Linen room and cupboards
• 2 apartments
• 1 Superior sea view
• 1 Town view

2^nd FLOOR – 173m2:

• 4 Apartments
  • 1 Superior sea view
  • 1 Sea view
  • 2 Town view
• Linen store space

3^rd FLOOR – 174.61m2:

• 4 Apartments
  • 1 Superior sea view
  • 1 Sea view
  • 2 Town view
• Linen store space

4^th FLOOR – 174.61m2:

• 4 Apartments
  • 1 Superior sea view
  • 1 Sea view
  • 2 Town view
• Linen store space